← The Money Mondays
The Money Mondays
How Proximity Changes Your Life: Mastermind Secrets with Greg Kimble & Steven Spence
00:59:31
Loading summary
Transcript274 lines
- [00:00]
Dan Fleischman
Foreign Ladies and gentlemen, welcome to the Money Mondays podcast where we cover three core how to make money, how to invest money, how to give it away to charity. This man has done all three at a very, very, very high level. You've seen what he's done on social media. There's things he's done behind the scenes you're never going to see or hear about. But most importantly, he inspires his mastermind members and the people that are around him to to be better versions of himself. This guy has masterminds, coaching, he's throwing live events all over the country. Whether he takes you to watch the stars and the Moon where he teaches you how to build and scale your business, he's done all the things that have made me very, very happy to work with him, speak with him, watch him grow. And on a side note, just 374 days ago I first was starting to work with them and talk with them. He created this before and after picture.
- [00:56]
Greg Kimball
Yeah.
- [00:57]
Dan Fleischman
374 days later, well, 365 days when he posted the picture, he turned into what I call the Incredible Hulk. And you can check him out on his social media eregkimble and we'll walk through those things. But first, as always, we're going to cover these three core topics and I want my special guest, Mr. Greg Kimball to give us a quick two minute bio so we get straight to the money.
- [01:18]
Greg Kimball
Number one, I'm a father of two incredible young boys. That being a parent, I can honestly say my kiddos are my greatest mentors. I am a huge advocate for mentors and mentorship and so that's kind of why I've spent so much time in academia, in helping, I've built colleges. I help people learn, I equip people, I empower people. I think learning and the activation of the knowledge inside of you and the application of the knowledge that you get from your mentors and the opportunities put in front of you is so important. But we need a little help. We need the right people, we need the right guidance, we need the right nudges. And that's why I've dedicated my life to helping people actually learn so that they don't have to be scared. We live in such a land of scarcity and realistically you just don't have to be scared. Most of it is you just don't know what's actually going on. You don't know how the game's actually played, you don't know the right people. So you invent all of these things in Your head. And I've kind of taken. Taken it upon myself to clear up the misconceptions about entrepreneurship, clear up the misconceptions about business, about money, about going there with, you know, your friends and building cool things with your friends and just helping people actually take action on their dreams, on their life, so that they can build the life that they've always wanted to.
- [02:45]
Dan Fleischman
So on the make money side of the podcast, you're watching people and first joining your masterminds, or first thinking about joining the mastermind, what do you think holds people back from making money?
- [02:56]
Greg Kimball
Honestly, they don't know how to. They ask the question and then they get the answer from a mentor or a course or a conference, whatever it is, and then they just sit there and they question everything.
- [03:13]
Dan Fleischman
That's called an asshole.
- [03:14]
Greg Kimball
Yeah, the askholes, honestly, that's probably the biggest thing is people spend so much time, they say, hey, what's two plus two? And they get mad at you because you say four too fast. They're like, well, you had to like, no, no, no. I've done the math problem. I've done the event, I've done the business, I've scaled the business, I've done the investment. And because you've been there so many times, you can answer the question very quickly.
- [03:38]
Dan Fleischman
It's not for.
- [03:39]
Greg Kimball
And then they're just like, well, he. I don't like the tone he used. I don't like that he said for. I don't like that he said it in this. It's just like, no, it's just you asked a question, I answered it. And so the problem is people think it can't be that easy. And the problem is it is. It really is that easy if you have the right mentors. And I think one of the things that happens is people. And this is where I really change because, you know, you've mentored me for a while now, and I think the biggest thing that happens to people is they are so scared to give credit where credit's due. And for anybody, like, if you follow me for any amount of time, if you watch me for any amount of time, I'm massive, massive, massive fan of any of my mentors. So if you watch how I'm going to talk about Dan, I'm a huge fan of his. You want to know why? Because he's freaking helped me a bunch. And I, I've done what he said for the most part now I have gotten the text messages. It is my duty to let you know you're messing up right now, because, yes, like, even though I'm a mentor in my own right, we all have those things where I'm like, oh, I don't feel like it, I don't want to do it. I don't see the value. And then he'll correct me on that.
- [04:52]
Dan Fleischman
I still sat in front row and had Tony Robbins yell at me, I still want to learn.
- [04:56]
Greg Kimball
Yeah, we want to be better.
- [04:58]
Dan Fleischman
There's always levels to every part of the game. And so, like, Tony Robbins asked me various basic questions and it was me getting out of my own way.
- [05:05]
Greg Kimball
Yep. And I think that's the biggest thing is just you, you, you find your, like, for instance, whoever your Dan is, which just to be clear, if, if you're, if you're on the fence on whether or not to, to work with Dan, get off the fence, trust me, it's the best decision I've made. But there's so many times where someone would hire someone like Dan and then they want to make it seem like they did it all themselves. They don't want to be like, oh, no, I got help, or, or he really helped me, or he put me in the right room or he put me in touch with this person. They're like, no, I'm, you know, the guru of my own life and I'm this mystical creature and I did all of this. If you really, like, if you really want to take your life to the next level, you have to learn this concept of push power towards power. So for instance, if Dan puts me in, like, we're literally sitting in a connection that Dan gave me. We're about to go into one of my mastermind events through Vince, and I've gotten to know and love Vince. He's now one of my friends. Dan's. We just threw elevator nights together, co hosted. Like, that was really cool. All because it's my job to make Dan as powerful as I can make him, because he does the very, the same thing. When he finds people that he cares about, that follows through, that does what they say. He's going to make them as powerful as he can. And then newsflash, when both of us become more powerful, we can go move mountains together, we can get more stadiums filled with toys, we can go be more philanthropic, we can help people. But you have to just be able to be there for one another and be massive fans of each other. And I think that, that's the thing is so many people won't get out of their own way because they're too busy telling you how incredible they Are when they're not documenting the story of, like, dude, Dan helped me out a lot, man. My team helps me out a lot. Like, I've got a group of 20 people setting up our thing in there. I can't do this without them. And people forget to do that. They just want to come in and just be like, I'm the best thing since sliced bread. Well, newsflash. People don't like working for people like that. So I think just being a massive fan of your mentors, making sure they feel appreciated, because even though they're at that status, stay on their radar. Because when the opportunities come up. Well, he's more likely. If I'm saying Dan's helped me, thank you. I'm appreciative. I'm sending him business. I'm sending him opportunities. When the opportunities come up and it's not scoreboarding, it's just reciprocity. It's just how we operate. We want to see each other win. So there's a big difference between scoreboarding and reciprocity. Just because it's like, now he's like, my friend. Like, I want Dan to win at a level that is uncommon and rare, and then I want to be the person sitting in the front row clapping the loudest. Those are the kinds of friends you want.
- [07:54]
Dan Fleischman
Can you actually tell the golf club membership story? Like, because I think that's a really interesting component for people, like, to take that leap of faith. Yeah, it was a big gamble to do it, but walk us through that story.
- [08:06]
Greg Kimball
So one thing that I realized is everything is percentage based. And what I mean by that is so many people, whether you have a $300 product, a $5,000 product, a $50,000 product, 500, it doesn't really matter. It's. You have to base all of your numbers off, like, percentage of income. And at this time in my life, my big thing was I had this $5,000 product, and I was selling 0% of this product. I was selling zero of this product. Anybody that I would kind of talk to about this product was just like, why are you talking to me? And what I realized is it was because I was dealing with more than a hundred percent of their available income. Like, so, you know, I do this in my seminars all the time. I say, who here has, you know, $10,000 in the bank? And, you know, a few people raise their hand, and I say, okay. Like, is it 10,000? Yeah, roughly 10,000. I say, okay, can I have it? And they're like, no. I go, okay, well, what if I give you $10,000 worth of stuff. Still no. Okay, what if I give you $50,000 worth of stuff? Usually it's actually still no. What if I give you $100,000 worth of stuff? It's still no because I'm dealing with 100% of their liquid money. And what I realized is I had to go get around people where $5,000 was like the equivalent of a Snickers bar. So I took every penny that I could and then maxed out credit cards, and I went and joined a country club, Boulder Country Club. I'm still a member today because I had to get around. And so I have this. This protocol that I talk about you. You always want to deal with access, priority, and service. So I want access to the right people. I want them to prioritize my relationship, and then we can figure out what service suits me best. So now Boulder Country Club is on a seven year waiting list. It's $90,000 to join. Now is the French dip $90,000 good?
- [10:01]
Spencer
No.
- [10:02]
Greg Kimball
I'm going there because everyone around there has access to this, and they prioritize these relationships. And honestly, the access and the priority that that club has given me over, you know, realistically, the last decade has transformed my life so much and so much so, like, to how much I bet on myself. Just to put this into perspective, I had just bought a house, and it was every penny that. Like, every penny that I had and then all the pennies that I could borrow from my friends because I didn't understand how loans worked at the time. And so basically, when I went to go get a loan for this house, like, my credit score was lol. It wasn't even fundable. And so I was just like, what do you mean? Like W2 and bank statements. Who files taxes? This sounds stupid. Like, they're like the bank's like, if you want a loan, you need to file taxes. So I scrounged up the money to buy the house cash, but as everybody I had, I couldn't. There was no running water in it because we had to fix the plumbing. There's no appliances. There were no bathrooms. Which makes Thanksgiving kind of interesting.
- [11:14]
Dan Fleischman
What the heck.
- [11:15]
Greg Kimball
Yeah. So it was a very interesting holiday season, to say the least, but it was every penny I had. And then I finally did this deal to get this money together, and my wife was saying, oh, we can finally, like, we can save the. The cars because we were hiding them in the garage so they didn't come take our cars. Like, we're praying that our phones stay on. And so. But what she really wanted was a fridge. Like, she's like, what if we got a fridge so that we could do this? So she goes to buy the fridge, and the card doesn't go through. And she looks in the account, she goes, where did all the money go? And I said, oh, I joined Boulder Country Club.
- [11:54]
Dan Fleischman
What?
- [11:56]
Greg Kimball
And she goes, yeah, that's actually her only, like, there's a little bit more drama. And I just explained to her my thought process. I said, look, if I'm running around asking for everyone's the hundred percent of their available income, we're never going to get there. I have to get around the people who are doing the business, who have the knowledge. I know I'm good at what I do, and I have to be around those people. This is not a negotiation. And I think within six weeks, I had done $184,000 of business. We got brand new water heaters, brand new appliances. Cars were good. We could park them outside. We no longer had a porta potty out front. But the moral of the story is you do whatever it takes to go get around the right people. And people just. You are a conversation away from. From changing your whole life. And that's why when I was going to these conferences when I'm trying to start my career, there's this guy that everyone was talking about named Dan. And he was the guy that would put the guys on the stage. And I'm like, okay, well, I don't want to talk to the guys on the stage. I want to talk to the guy that's putting the guys on the stage. And so I just made it my own personal mission because I was in Dan's DMs, trying to get his attention. It wasn't working. And so newsflash, here's what finally did it. Just so that everyone knows, I paid $10,000 for a ticket to the muscles house for a dinner. So two hours, $10,000 just to get the proximity to finally say, hey, dude, what's up? Nice to meet you. What if we did some business? And then. And even then, it didn't happen because it still took a little bit of time. I didn't give up. And I think this is the problem where people think, oh, well, you know, I shook Dan's hand. He doesn't want to work with me. No. Like, Dan's like reading the Matrix all the time. So it's going to take a little bit more data points, number one. And number two, you have to provide value. Like, how can you push power towards power. How can you help people out? How can you move things forward? And I think that this is really important to be able to identify what is the value add or the value proposition you can give to these people. And it's also not a flow. Free lunch. Like, Dan can buy his own lunch. If you're like, hey, Dan, like, let me take you out to lunch.
- [14:19]
Dan Fleischman
My cup of coffee.
- [14:20]
Greg Kimball
Oh, yeah, yeah. The cup of coffee is good.
- [14:22]
Dan Fleischman
For the record, I don't drink coffee or alcohol.
- [14:25]
Greg Kimball
Just like, he doesn't need to go out to a drink. But I think those are the things. Like, you. If you want to, you know, get into the orbit of some of these people, whether you like it or not, go buy the $10,000, like mastermind dinner, because that shows that, number one, you've got the wherewithal.
- [14:40]
Dan Fleischman
Or come. You can come for free last night.
- [14:42]
Greg Kimball
Yeah. Or you could come to an elevator night. Like, he's. He's like, he doesn't beam in. It's not like a screen that comes down. Like all the churches when you're finally excited about them.
- [14:51]
Dan Fleischman
Hosted event 57 times. And people, like, think that you have to spend. Yes, I'd like them to spend 10,000 or 100,000, blah, blah, blah. But I throw for free 57 times and growing.
- [15:01]
Greg Kimball
But you have to move. Yeah, that's the biggest thing. You got to move. And so just do. Literally just do whatever it takes to get around the right people. And then the other thing that gets people's attention, whether you like it or not, like, is support. Like their Facebook. Support them, share their stuff, comment on their stuff. So if, like, anytime Dan posts something, I'm going to share it to my story because not only is my mentor, but I believe in what he's doing. I'm going to comment. I've got his back. Like, there's no tomorrow. Support is a huge thing. And then when they're trying to do initiatives like Trina's Kids, different things with the world's largest toy drive, I don't know, maybe buy some toys. This is not. These are not hard concepts. And toys are not super expensive. Like, we did the target thing. Like, you could buy $5,000 worth of stuff or you could buy $50 worth of stuff. It's just helping kids. But show up, support, push power towards power and be fans of the people that you want to be on their radar.
- [16:01]
Dan Fleischman
So on the investing side, let's talk about investing into yourself. Why? So you're mastermind is $33,000 and then you have different variations. You have like nine different masterminds underneath that as well. Walk us through why someone should take the leap to invest into themselves.
- [16:13]
Greg Kimball
Because it's the only thing that's going to supercharge everything in your entire life. Because if you go, you know, buy, let's say you buy a new car, your experience and your quality of life is going to get better from point A to B. But if you invest in yourself, it's going to make every single interaction with other people, businesses, how you communicate with the world, communicate with your spouse, communicate with friends, communicate with money, save money, spend money, invest money, it's going to supercharge your entire life. And if you can get the right information, which is getting the right people around you, who can train you, who can teach you, who can love on, you can say, no, stop doing this, go this direction. I've done this, I've made this mistake. Don't make this mistake, go this direction.
- [17:03]
Dan Fleischman
Don't get hit in the head.
- [17:03]
Greg Kimball
You don't get hit in the head. Here's the snake, here's the hole that's covered with the stuff. Using the mentorship and letting their wisdom and experience accelerate your life is compressing decades into days. And that's really what mentorship's about. And if you can have the opportunity to compress decades into days, which, you know, I've always been the young kid on the block and, and now that I've turned 40, I'm turning into the middle aged kid on the block, which is a little weird to.
- [17:33]
Dan Fleischman
Doesn't feel like it, right?
- [17:34]
Greg Kimball
Yeah, it doesn't feel like it, but it's so interesting because I'll get people, oh, well, you're this, that and the other. I'm like, man, I'm really glad I'm in my position and not your position because I have life experience. I've got the decade, I've got the this, and I can help you. But right now, especially this generation who only wants to chatgpt stuff, who only wants to Google stuff, at the end of the day, you still need to do the work. At the end of the day, you still have to show up, you still have to have communication skills, you still have to invest in yourself. You can't just invest in the top tier of chat GPT because that should supercharge who you already are. But if you are thinking, okay, I'm just going to invest in, I don't know, whatever, chat GPT is 30 bucks a month or whatever. Well, everybody has 30. The $30 a month. That playing field is level. Who are you? How are you moving forward? How are you going to the next level? Are you taking your body to the next level? Your mindset, your wherewithal? How. What are you specifically doing going to the next level? And a lot of people from comparative reality, they don't want to get into these rooms and talk about stuff because they think people are going to judge them. They think people are not going to like what they're doing. They think that, oh, I'm thinking too big, I'm thinking too small, I'm too young, I'm too old. When they're not thinking about you at all, they're thinking about themselves. And I'm telling you, get in these rooms. Elevator night, the final percent, all of these things that are available to you, get in the rooms. And you're going to realize everyone legitimately just wants to see you win and they'll help you win. It's all about community.
- [19:10]
Dan Fleischman
So we talked a bit about investing, making money. Let's talk about the third topic, which is charity. We did a tipping dinner together a couple years ago, and then you started doing them on your own all over the country. Walk us through the concept of the tipping dinner and why it's important to you.
- [19:24]
Greg Kimball
Dude, it's one of my. It's probably my favorite thing that we do because I watched Dan do one of these things where, you know, the idea is everyone brings a hundred bucks and you hand the money to the server at the end of it. And I'm gonna tell you a great story that happened, actually. Cause we just did one at our Wyoming retreat where this is a town of 200 people. And last year, last year we gave away, I think $6,000 or something like that to these two servers that just. And you want to talk about shock, it was unbelievable. This is definitely the biggest tip they've ever gotten. So I go to the fourth of July in Centennial, Wyoming. Every single year, we did the same thing. We gave two servers, bunch of money. It was great. More importantly, watching the butterfly effect and the aftermath of what happened based on giving away the money. I ran into those same servers that were there the year prior, and they're. They're dating. And so I'm talking to the guy and he just gives me a big old hug. And I didn't full disclose. I didn't know who it was at first.
- [20:36]
Spencer
He's like, man, you changed my life.
- [20:38]
Greg Kimball
And I'm just like, cool. And then you. And he goes, man, like, that tip, like really changed. And I was like, ah, yes, that was great. And then, like, his girlfriend, she had tears in her eyes, and she's like, is there any way I can give you a hug? I said, of course. And I said, you were the other server, right? She said, yeah. I said, so, what's going on? She said, we actually moved to Casper, Wyoming. I said, that's awesome. What are you guys doing up there? And she said this to me. She said, we moved up there so that I could go to esthetician school. And that tip paid for half of my entire schooling. So it accelerated her learning, it accelerated the opportunity. And then they were able to move and accelerate their entire dreams just because a bunch of people from a mastermind wanted to bless someone. So we've actually. We do it at every single event we do. And my really hyper private event, we actually do a tipping dinner all four days of my mastermind. And we gave away just. Which I'm mad because, you know, my number is 33. We gave away just shy of 30,000. Yeah, 30,000. I want to get to 33 bad, of course. But we gave away, like, $28,000 over the coast of four days. Wow.
- [21:56]
Dan Fleischman
That's huge.
- [21:57]
Greg Kimball
And, like, I'm telling you, the final percent is going to get so big where people are literally going to. They're going to be like, trying to figure out where we're going to be. And they're like, I just want to go be a server for one day. I want to figure out where they're going because they know the blessings coming because that's how we operate. And I love. And, you know, we did a. We rented out Sharon Lecter's ranch, and we only went up there with, I think, you know, 16 people, I think. And I asked. I said, you know, at the end of it, what's the biggest tip that they've ever gotten? And she goes, man, the biggest tip that they've ever gotten. $4,500. I was just like, oh, man, this is gonna be easy. So I went there, but it actually wasn't that easy because now I'm only dealing with 16 people. And it was a $15,000 ticket because it was very, very exclusive. And so I went around and finally figured out enough to where by the end of it, we gave them $11,000.
- [22:51]
Dan Fleischman
Whoa.
- [22:52]
Greg Kimball
Because. And, I mean, they took care of us. But it just goes back to double down on the people that double down on you show up and be that memory that people cherish, be that. That story that when everyone's sitting around a Table. I was a part of this tipping dinner one time. What if we did that right now? And just so you know, you don't have to like, you literally, if you got five friends here, four friends, three friends, two friends, if it's just you, you don't need permit. You can literally just write a hundred bucks. You can literally just write $133. If someone just seems like they need it and it's just say it's just me and Dan. We would definitely do it, but like it was just Dan and like we don't need it. Like, we don't even need to put it on social media. We don't need, we'll just be eating food and then be like, I've had.
- [23:38]
Dan Fleischman
Them chase me down before. So I'll leave a big tip and sometimes a really big tip if I hear their story and I'll disappear on purpose and I've had them actually chase me down, like, oh, you did this wrong. Or oh wait, there's a comma here. You know, like, you're like, I want.
- [23:52]
Greg Kimball
To point out, he just said a comma. Those are the friends that you want. But that's the thing. I like, I want to, I want to give people such big blessings that they legitimately think it's weird. And then sooner or later they're going to switch that weird to normal and then they're going to go become the blessing.
- [24:09]
Dan Fleischman
So if you want to host a hundred dollar tipping club, you can adjust the number however you like. We do $100 and sometimes we'll get the ballers together to $1,000. Completely unnecessary. 100 bucks each. Get eight of your friends together. But we get strangers together. You get people on Facebook or like a local groups or a Reddit thread and just say, hey, everybody, meet here at this restaurant. Don't pick a big fancy chain. Don't go to like a Olive Garden, Red Lobster, cling jumper. Not that those are all fancy, but you know, you get the point. Like go to a restaurant, especially if you can find like a hole in the wall mom and pop place. Like, you know, the old school Italian restaurant or the Mexican restaurant that's been there for decades. Go in there, don't tell them what's going on because you don't want to affect the service. And let's say you've got eight friends. You pitch 100 bucks each and at the end of the meal you surprise them with the $800. Now when you get to like 1500 2k, 3k, 4k type numbers, you should ask them to do 50% for the staff, 50% for the waiter or waitress. When you're under 1000, just let the waitress keep it. And they'll tip out if they want to, if they can. But when you start to get to like 2k, 3k, 4k, just to be fair, you want to make sure.
- [25:12]
Greg Kimball
Yeah, get the back of house.
- [25:15]
Dan Fleischman
But in this process, you will be shocked what happens. And by the way, you will create long lasting memories with those eight people. And next time you'll have 15, then you'll have 26. People are going to want to show up for these because it's impactful, it's fun. Whether you create social media content or you do it privately, that part is up to you. But the reason that we showcase on social media is it spreads.
- [25:34]
Spencer
Yeah.
- [25:35]
Dan Fleischman
We first started this with Jimmy Rex five years ago during the shutdown. Cause a lot of restaurants were shut down. We started posting on social media over 4,000 dinners. We've been tagged in. That means there's probably been 5,000, 10,000, 20,000, 30,000. Because a lot of people don't know that we started it. They don't know Jimmy Rex, maybe they don't know me, whatever. But now the tipping dinner has gotten so big. I've seen on the COVID of Apple news of other people doing tipping dinners.
- [25:58]
Greg Kimball
Yeah, yeah, great.
- [26:00]
Dan Fleischman
I don't need a pat on the back. I want the thing to happen. I want the butterfly effect to happen.
- [26:03]
Greg Kimball
A lot of people will think, oh well, you're just doing that for notoriety. We're doing that to let you know what's possible. It has nothing. Honestly, I don't care if you know that I do it or not. My biggest thing is if Dan didn't live out loud and he didn't do that on purpose and on social media, I would have never done that.
- [26:22]
Dan Fleischman
And she wouldn't be at ssitian school.
- [26:24]
Greg Kimball
Yeah. And thousands of people would have not gotten affected. And in my mastermind, events, it is far and away when we do our after action reports, it is far and away people's favorite part of the events. Watching the tip get given because it's unfortunately so uncommon. But I'm telling you guys, be the story of generosity that gets told in an entire town or an entire restaurant or an entire community. Be the story of generosity. Be the person that shows up, make the uncommon decision so that you can lead by example. We've got enough warnings out there. It's time we got to have more people stand up and, and be examples. And that's why I love doing business with Dan, because he's an example of how to move, how to be a friend, how to have a business partner. So, yeah, we want to change the world and we're crazy enough to know that we can. We don't think we can. We're changing the world. We are actively changing the world and we're not going to stop.
- [27:21]
Dan Fleischman
So there's one question that I ask on every single episode and I've never gotten the same answer before. Greg Kimball, you build up your masterminds, you build up your companies, you do all these investments and you build up a multi hundred million dollar net worth. Unfortunately, at some point it's time to pass away those two sons. How much of your net worth, what percentage goes to them when you pass away?
- [27:44]
Greg Kimball
33%.
- [27:46]
Dan Fleischman
See, didn't get the same answer.
- [27:48]
Greg Kimball
Yeah, 30. I want, I want them to have 33% split equally between them. I want 33% held in trust for my family in case, you know, a cousin or aunt or an uncle, just someone needs like what? Unfortunately, I've kind of become the bank of Gramerica for certain members of my family. So I want the bank of Gramerica to keep going. But it would be something where you could, you could take a loan from it, but it has to get paid back. And then I want 33% given away to, you know, probably train his kids. Because like, I think 33% needs to get given away just off the top to let people know like there needs to be a big impact when Greg dies to a charity to where it's like, holy crap. Like, that was a windfall and it wasn't expected, it wasn't something. But it shows enough generosity to where people are like, holy crap. And so, you know, I think something in reserve for the overarching family, something for my boys to steward. And then I want 33% to just go to something that I really freaking care about that can make like right when Greg passes away, there's a huge impact that gets made to where people are like, damn, like that. That's cool.
- [29:09]
Dan Fleischman
Where can people find you on social media? Where can they find your masterminds? Anything that's going on in your world.
- [29:14]
Greg Kimball
So our website is thefinalpercent.com you can learn all about. We have international masterminds, local masterminds, we have big masterminds, niche masterminds. So I'd love to start that conversation. But TheFinalPercent.com and then anywhere where there's social media, it's just Egg Kimball. G R E G K I M B L E so give me a follow on Instagram. Say that you listen to Money Mondays and I'd love to start the conversation with you.
- [29:42]
Dan Fleischman
Alright guys, the whole point of these podcasts is to have important discussions about money for you, your friends, your family and your followers. And all these topics are again, aren't going to be just for you. You might listen to someone in real estate, someone owns a chain of nightclubs, someone's a famous rapper, or we have Gary Vee or Gary Breca. So many different characters that come on this podcast. The information you learn might not be for you, it might be for someone from your past, present or future. So learn these topics, research the things that you're interested. Check us out next Monday on the Money Mondays.com Ladies and gentlemen, welcome to the Money Mondays. We are here inside of Humble Studio for this special edition. We just knocked out Elevator Nights. There's a mastermind going on. So typically I do these podcasts inside of an RV motorhome, but when in Rome, everyone's here. I want to get some of the boys together to knockout back to back to back to back podcast. And for our finale today, we have a very special guest. This gentleman has gotten tens of millions of views. I actually think it's gotten hundreds of millions of views because people repost re share. He's had one in particular, one that got like billions of views. I mean the numbers are insane. The kind of content he's created over and over and over and over and over. A lot of times people have the aspiration to go viral once. Well, he's done it. I can't even count how many times. But more importantly, in social media, what I always say is it's not about going viral once, it's the consistency. I would actually rather get 10 or 20,000 views a day, 365 days in a row than just get a million here, two million here, three million here one time or two times. This gentleman gets a million here, two million here, day after day after day after day after day. But he's also created a company along the way. A lot of times social media influencers are just making that thousand dollars for a post, 10 grand for a post, 5 grand for a post, 30 grand for a post, et cetera. But or they're doing brand deals for a few months and they're just making it cash, cash, cash and never really turning into a brand or physical product. Unlike sometimes. You've seen the LOGAN Paul's, the Mr. Beast that create prime feastables, et cetera. This gentleman has created a mobile app which we're going to dive all the way into to find out the inner workings, the concept. Why did he do it? Why did he create it? Instead of just keeping making cash, cash, cash like other influencers, why is he creating a brand? So, without further ado, as you are listening to this podcast, keep in mind, sometimes I bring on rappers, athletes, celebrities, business moguls, people with huge amounts of real estate, own nightclubs and restaurants. The bits and pieces that you learn from people may not be just for you. It might be for people from your past, present or future. It might be for your family, for your friends, a random stranger at a dinner, that you might be able to bring up topics that you learn from these podcasts. So as you hear the different guests, think about it for yourself, but also think about it how you can add value to other people in your life. And it may not be right now, it might be three months from now or three years from now. So, Spence, give us the quick two minute bio so we get straight to the money.
- [32:31]
Spencer
Absolutely. First of all, that was an incredible intro, so thank you. Appreciate you. And he said it great. He said it great. Anyway, so, you know, I grew up in Los Angeles as a creator, as a content creator with some of the best creators in the world. And, you know, my background really traditionally started with music. It always came authentic. For me, it came supernaturally. I got signed to Interscope Records out of high school for music against all odds, a major record label with Eminem, Lady Gaga was the same exact label as that. It was a dream come true at the time. Performed in maybe 40 or so countries all over the world. And it wasn't really until I decided to put all of myself out there, not just the music, but kind of like, you know, just my personality, that I started to gain some traction online as a solo creator and, you know, with, you know, some success in music. That pivotal point was when I made something called the Breakfast Challenge, which was, you know, a massive viral trend to my music, my original music, and it garnered over 30 billion streams across social media. It was crazy. I had a talk with TikTok and they're like, these are the numbers we're looking at. And for the time, it was pretty insane. It's the kind of success that an independent artist really only dreams of and hopes for. So when that happened, something in my brain clicked that really struck a chord. To pivot and use that same mentality and create something that could really help other people. And I've been the person that. I think I've watched every single episode of Shark Tank since it started, you know, 16 years ago or whatever it was. And I've always been thinking, okay, I could do this, or this should be done, done differently, or what can I do? And that was the moment where I was like, this is it. You know, I wanted to use music to move the world in a different way. And, you know, talking about, I don't. I don't want to jumble up too much here, but in life you can do so many things, but you can't do everything at the same time. So really, you have to decide what. What are you going to do, you know, with your time? Because it's limited. So for me, I wanted to do something that was authentic. For me came really naturally, but also just really help the world. I wanted to make a positive impact. So something that really resonated with me is, okay, well, one, music, it's something I'm really passionate about, and then two, helping other people is something I'm passionate about. And that works with fitness. I feel like if I can help people feel better about themselves, the positive ripple effect is so real, they're going to help other people, they're going to treat people a little bit better. So the intersecting point there was music and fitness. How can I help people with music and fitness? And I put those together. So sweatsonic, essentially, we took songs and we took workouts and turned them into songs that become your personal trainer. Right? So now you never have to count your reps or wonder what set you're on in the gym, or if you like to work out at home, it's fine as well. And you're getting music that's intentionally extra motivating, scientifically optimized for efficiency to get you in and out of the gym a lot quicker. And, you know, just. Just music in itself can increase your performance in the gym as well. The right song at the right time could do all the right things for your workout. So instead of just leaving that to chance and hoping your Spotify playlist is like, okay, right here when you need it, we crafted those experience and designed the whole entire app for sweatsonic to help people stay consistent with their fitness and motivate them to actually get stuff done. Because the most important thing with fitness is actually showing up. So that's our goal with that. And then the other really sweet thing about sweatsonic is all the athletes on the platform are also influencers, and collectively we have a following of 200 million people. So we built this package with the idea of helping people with their fitness in a different way. You know, obviously there's a lot of competition in the fitness space, you know, but that's one because it's a massive market, everyone wants to be in a little better shape. But despite there being so many solutions for people and getting healthy and, you know, fitness app and doing this or that class or whatever, there's a lot of solutions. But the problem of one, obesity, health issues, diabetes, stress, it's still skyrocketing. So our approach, as opposed to just throwing technology at the problem, is let's use creativity to try to solve the problem for people in a different way and help them like that. So that's what sweatsonic is.
- [37:28]
Dan Fleischman
So on the make money side of the podcast, let's talk about from an influencer. When you're first getting going, you get that first called 100,000 followers and you're starting to make a name for yourself. How do you decide what to charge to a brand when you're first getting going?
- [37:41]
Spencer
Rule number one is you get the number from them. Just always get the number from them. Because one, you don't want to undershoot yourself, right? So if you just shoot, I want.
- [37:52]
Dan Fleischman
To do this for, I'll do this.
- [37:53]
Spencer
For $10, you know, then, you know, who knows what they would have said first. So I would say you always want to get your offer first and then if not, you know, you can negotiate from there regardless. But I think that it's really good to find representation. It's even for the optics having someone represent you, it looks a little bit better because then they could play good cop, bad cop without you looking like the bad cop always. So number one, get the number from them first. And then number two, maybe if you're at the level where you can have some people working with you and if not, just be your own assistant and make that up and send an email on your own behalf pretending like you're assistant.
- [38:32]
Dan Fleischman
So brand comes to you and says, we want an exclusive with you for, let's call it the water category. How different of a deal is that compared to, you know, paying you for one or few one or two posts?
- [38:44]
Spencer
Yeah, absolutely. Well, like I said, you know, well, actually I didn't say it, but there's no real set rule base when it comes to that. You're kind of like, you know, being early in the creator world, we were making it up as we're going along or as we were going along because it was Such a new category. And we still are. Especially you. I mean, back in the day with FIT T, I think you were the first person to bring that to market.
- [39:08]
Dan Fleischman
We've done 110,000 paid bows.
- [39:10]
Greg Kimball
Let's go.
- [39:11]
Spencer
Let's go. We're sitting with the goat here, ladies and gentlemen.
- [39:14]
Dan Fleischman
We're still figuring out the prices along.
- [39:16]
Spencer
The way, still figuring out the prices on the way.
- [39:17]
Dan Fleischman
It'd be fair for both sides. Gotta be fair for the brand. We gotta be fair for the influencer and everyone in between.
- [39:22]
Spencer
100%.
- [39:22]
Dan Fleischman
We're not trying to overcharge. But also, the influencer needs to make money. We need the brand to get the right price point so that they can spend more money. Cause if they spend 10 grand and they get back one, then it's not.
- [39:33]
Spencer
Going to make sense. They're not going to come back. You want to. You want it to be a positive, symbiotic relationship. Right. So it keeps rolling. 100. So, you know, definitely there are other things. You've got leverage when there's a bigger ask. It's. It's pretty. It's pretty linear. I would say it's proportional. So, you know, if it is exclusive and it is for two years, as opposed to three months or 30 days, there's different asks that you got there that can give you some negotiating power for sure.
- [39:56]
Dan Fleischman
So you start to make some money. You go from 100,000 followers to 500,000. 500,000 to a million.
- [40:02]
Spencer
Let's go.
- [40:03]
Dan Fleischman
Right? Bam, bam, bam. You're growing, growing, growing. How do you decide what brands are now going to put your name on? Because now there's a lot of people listening to you. If you say, go drink that water or take the first form supplement or download this app, people are going to do it.
- [40:17]
Spencer
Yeah.
- [40:17]
Dan Fleischman
So how do you decide now which brands you're okay associating with your name on?
- [40:21]
Spencer
Yeah. It also really matters. I learned that lesson pretty hard. And, you know, kind of early on, I think I did a deal with McDonald's once and I got called out.
- [40:31]
Dan Fleischman
Oh, yeah, I got called out pretty bad.
- [40:33]
Spencer
Just like talking about a McChicken.
- [40:35]
Dan Fleischman
Yeah.
- [40:35]
Spencer
But at the same time, at that point, like, it's like, listen to my job. You know, I had to do it.
- [40:39]
Dan Fleischman
So I turned down McDonald's and Burger King as a client. They're great brands.
- [40:44]
Spencer
Great brands.
- [40:45]
Dan Fleischman
But I don't feel comfortable with the food because it's not actually food. Right.
- [40:47]
Spencer
It's not good. It's definitely not good.
- [40:49]
Dan Fleischman
I remember Burger King was paying. They were like, oh, we want to pay Scott Disick. And it was like, 40 grand.
- [40:55]
Spencer
Yeah.
- [40:55]
Dan Fleischman
And I was like, I mean, I'm getting him for less than that.
- [40:58]
Spencer
Yeah.
- [40:59]
Dan Fleischman
You guys just talked directly. I just didn't feel comfortable doing it.
- [41:02]
Spencer
Yeah, you're.
- [41:03]
Dan Fleischman
And then they end up spending, like, millions and millions of dollars with a bunch of different influencers. And guess what? I'm okay.
- [41:07]
Spencer
You're okay with that?
- [41:08]
Dan Fleischman
I'm okay with that. It's like, it's important. There's certain brands that I've turned down in the cigarette space. I would never do it. There's certain brands that just turn down that I just don't want to do it. And there's other brands that you might think are on the edge that I'm okay with. Like, I was doing vodka brands. I'm okay with vodka.
- [41:22]
Spencer
Right, right, right.
- [41:23]
Dan Fleischman
There's certain brands that I'm okay with, and there's certain brands that I'm not. And it's just a personal decision for me of what I'm okay with. And by the way, alcohol is technically worse for you than McDonald's. But is it?
- [41:31]
Spencer
But is it? Yeah. I don't know.
- [41:33]
Dan Fleischman
I don't know.
- [41:34]
Spencer
Yeah.
- [41:35]
Dan Fleischman
I think I feel better if, like, you know, my kid was 21 years old. I'd rather them have some vodka than frickin true, make cheese, whatever. Every day.
- [41:42]
Spencer
Yeah. It's really important to. To kind of be honest with yourself and obviously your integrity. And that's something that I learned along the way. Even with the kind of content I put out, it's like, you know, in the early days when there were really no rules, it's like, put out whatever you think is funny in the moment, you know, And. And I think for creators, you get held to a different standard with the kind of content you're putting out as a. As opposed to someone like Jennifer Aniston in a movie. Horrible Bosses, it's like, wait a minute, if this was online. Because people don't necessarily separate acting online as a creator with acting, you know, in real life, they just think that's who you are.
- [42:20]
Dan Fleischman
She's not Jennifer Aniston in that movie.
- [42:22]
Spencer
Exactly.
- [42:22]
Dan Fleischman
She got a different name.
- [42:23]
Spencer
Exactly. But essentially, me and my friends, when we're creating content online, it's the same thing. We're creating characters with the intention of, you know, at the end of the day, making the world a happier place, laughing, you know, spreading that joy. And then sometimes it could be considered inappropriate.
- [42:39]
Dan Fleischman
For sure.
- [42:40]
Spencer
For sure. But this is not necessarily. It's Acting right? With the intention. I think intention really matters.
- [42:45]
Dan Fleischman
I mean, we watch King Batch, you watch Adam W, watch some of your boys. Like, they make really funny content, but sometimes it's like, whoa, whoa, what the heck?
- [42:52]
Greg Kimball
It's so funny.
- [42:53]
Spencer
Exactly.
- [42:54]
Dan Fleischman
Some people can get offended, but it's. It's designed to be comedic relief 100%. So as you're growing your content, as you're growing your brand, talk about collaborations. Let's just use those guys at the get boy. You're making workout content together, but you're also making funny content with Amanda Cerny and Lele Pons. And so you're one of the OGs of this game. Talk us through the collaborations. From what I don't think a lot of people realize is 1600 vine is where it all started.
- [43:20]
Spencer
All started, right? Wild.
- [43:22]
Dan Fleischman
Like vine started at 1600 vine, and people don't really get it whether it was actually named after that or not. Yeah, I still think it was. But that's like. So I was living at the W back then. I would walk over to vine and there's times I was walking around and like handing out ten grand in cash, handing out cashiers checks, getting wiring info. Yeah, it was the wild, wild west.
- [43:40]
Spencer
It was the wild, wild west for sure. It was a circus back then.
- [43:42]
Dan Fleischman
I'll tell you guys a funny story. So there was a brand that had an energy drink and they wanted to do a pop up. Well, I told them about the idea of a pop up because I did one for Jake Paul. Like a meetup where everyone goes to one place, right? And so this brand was like, oh, we want to do a pop up. We have a hundred grand budget. It was like 8pm when the contract was signed. And they didn't wire yet because it's 8pm so I'm not gonna get the wire till the next day. But they wanted the pop up to happen at 8 in the morning the next day. So I run over to 600 vine, and I think you were part of it too. But I went and got Amanda, Cerny, Jake, a bunch of the influencers, and I was like, literally, like, knocking on doors.
- [44:18]
Spencer
Let's go. Who's gonna jump in on this? We gotta pop up.
- [44:21]
Dan Fleischman
That's hilarious. And so I remember, like, some of these influencers were posting like, 10:24pm I'm like, oh, my God. For an 8:00am meetup at, like, a parking lot by LAX.
- [44:32]
Spencer
Yeah, yeah. Oh, shoot.
- [44:33]
Dan Fleischman
Come meet us here. We're giving out the U wheels hoverboards as the Prizes, all the U wheels. What a throwback.
- [44:39]
Spencer
That was like 2015, 2016.
- [44:41]
Dan Fleischman
Exactly what it was. And listen, 2,600 kids showed up. Wow.
- [44:47]
Spencer
Insane.
- [44:47]
Dan Fleischman
With no notice, like 10 hours notice to a parking lot in the middle of the freaking random.
- [44:52]
Spencer
What a time.
- [44:53]
Dan Fleischman
And that brand was ecstatic, of course. Like, what the hell just happened? Police are showing up. Like, what is going on here? We're at a freaking, like a motel parking lot. 2,600 kids. But it shows you the power. And I did the same meetup for Manny Pacquiao for his movie release many years ago for his documentary. It was Hollywood Highland mall next door. Man, Chinese theater was his movie that night. So in the daytime, I just had a bunch of influencers. Anna Cherie, Arianny, Celeste, all the girls that were part of either fighting or UFC or hosting in the sports world. I was like, hey, post everyone for them to come meet you tomorrow. But it's actually from Manny Pacquiao.
- [45:30]
Spencer
Right.
- [45:30]
Dan Fleischman
And so same thing. We had like 2,000 plus people show up. Manny Pacquiao's like, everyone's here to see.
- [45:34]
Greg Kimball
Me except for me.
- [45:35]
Spencer
I want to see Anna.
- [45:37]
Dan Fleischman
Where's Anna? She was there.
- [45:39]
Spencer
That's great.
- [45:41]
Dan Fleischman
But same thing. 100k budget, bada bing, bada boom.
- [45:44]
Spencer
Wow. 2015. That's so early on. That is before I think it was even called the creator economy for sure.
- [45:50]
Dan Fleischman
What's the oldest?
- [45:50]
Spencer
It was just like, yeah, it was nothing.
- [45:51]
Dan Fleischman
What do you mean?
- [45:52]
Spencer
No one knew anything. So what gave you the foresight to kind of like, get into that world? Because you started like, you already knew what you were doing, but what did you teach yourself or what?
- [46:02]
Dan Fleischman
So I started the agency in 2011.
- [46:04]
Spencer
Oh, wow.
- [46:05]
Dan Fleischman
And just doing tweets. I was paying Khloe Kardashian for tweets. I was paying Tyga for tweets. Right. Like Scott dissect for tweets.
- [46:12]
Spencer
Hilarious.
- [46:13]
Dan Fleischman
But there was random numbers too. Like five grand, 25 grand, 10. We just made it up. Brand was happy. They were happy. But they'd get like 2 million views on a tweet because it was no one.
- [46:21]
Spencer
That was it. Yeah.
- [46:22]
Dan Fleischman
There was no influencers. And so I started investing in some of the companies that were the brands coming to me.
- [46:29]
Spencer
Okay, cool.
- [46:30]
Dan Fleischman
And I realized that, wait, I just threw in 25 grand or 100 grand, 50 grand investment into this company. I should make them more famous to help protect my investment or increase.
- [46:37]
Spencer
Let's help blow them up.
- [46:38]
Dan Fleischman
Yeah. And then I went to the brands and I was like, hey, I'm going to get you some of these influencers. Give me some of the money to pay them. I then paid them. They got way more sales, but a bing, bada boom.
- [46:49]
Spencer
Great.
- [46:49]
Dan Fleischman
And so I was like, wait a minute. What if I do it for brands I'm not a part of? And so I went to other brands and said, give me money. The influencers, who weren't called influencers back then, these celebrities were telling all these other people. So Amber Rose shows up to my office and I made her. You can still see the cash. Want a deal? Come on. You can still see the picture on my Instagram. I made her a flower bouquet of $20,000 in cash. Let's go. I made the cash and the flowers.
- [47:12]
Spencer
What's your favorite type of rose? That Dan Fleischman bouquet.
- [47:17]
Dan Fleischman
And we did the fashion nova for her. We did a fit tee for her. And. And then guess what? She tells her friend Blac Chyna. Blac Chyna tells her baby daddy, Tyga. Tyga then tells this. Like, it's just like the squad starts telling.
- [47:30]
Spencer
Yeah, starts telling.
- [47:30]
Dan Fleischman
And all of a sudden, I'm the plug. And so that's what happened. Everyone just came to me for. Because I was running budgets for these brands in this wild, wild west. So then I went to U Wheels and just basically bought the majority of the company.
- [47:43]
Greg Kimball
Sick.
- [47:44]
Dan Fleischman
Because I was like, well, if I make them famous and like, you know. And then we did $6 million in sales in two months.
- [47:50]
Spencer
Fire.
- [47:51]
Dan Fleischman
Just handing out boards. Hoverboards.
- [47:54]
Spencer
That was. That was when they were hot.
- [47:55]
Dan Fleischman
Oh, my God. That video Jake Paul made was crazy. Like, we got tens of millions of views.
- [48:00]
Spencer
Insane. Those things were hot. And then they banned them on airplanes. And then it was like that.
- [48:04]
Dan Fleischman
Yeah, we had like freaking Lil Wayne, Khloe Kardashian, everyone posting these things for hoverboard people. I would have paid 25 grand, 50 grand for posts. Were doing it for hoverboards.
- [48:11]
Spencer
I just want one of those hoverboards.
- [48:13]
Dan Fleischman
Literally. That's hilarious. But, yeah, that's how it's. What started is I was basically going to these companies that were, you know, wanting to spend money with influencers. The influencer coming to me because they heard again, there wasn't that many influencers back then, right? And then as they would post, their followers would hit them up like, hey, who paid you? Or how'd that brand happen? And then I started posting with Kylie and Kim a lot. And that led to a lot because that's when they were first becoming Kylie and Kim.
- [48:38]
Greg Kimball
Yeah, right.
- [48:39]
Dan Fleischman
And then I felt like I had to do everything. I was driving to everyone's houses, I wrote every caption.
- [48:44]
Spencer
Hilarious.
- [48:45]
Dan Fleischman
I would copy and paste it. I'm like, hey, Kim, post this, post this.
- [48:49]
Spencer
That's great.
- [48:51]
Dan Fleischman
So anyways, fast forward, you know, a decade later and influencer marketing is now a whole different world because now there's algorithms. Algorithm wasn't a thing back then.
- [49:00]
Spencer
It wasn't a thing.
- [49:01]
Dan Fleischman
There was an algorithm, of course, but it was in real time.
- [49:04]
Spencer
Right.
- [49:05]
Dan Fleischman
If we were at a baseball game, we would see that we were both at the baseball game.
- [49:08]
Spencer
Right.
- [49:08]
Dan Fleischman
Because it was in real time.
- [49:09]
Spencer
Right.
- [49:10]
Dan Fleischman
Now I might see your post the baseball game two days later.
- [49:13]
Spencer
That's true.
- [49:14]
Dan Fleischman
And it'll show up like you're at the baseball game. No, he's at the baseball game two days ago.
- [49:17]
Spencer
Yeah. And also, I feel like I never really see any of my friends, that I'm following their stuff anymore. I'm just. Every day I'm just discovering new things based on what the algorithm thinks that I want. Right, right.
- [49:28]
Dan Fleischman
The problem with the algorithm is they got too smart for their own good. They don't realize that you're not gonna like and comment on these four hot girls pages, or this, or Dan Bilzerian's page, or this page or that page. Cause why would you like her comment on it? They're not gonna see it. And you may not want it to show up in your feed.
- [49:45]
Spencer
Right.
- [49:45]
Dan Fleischman
But you do want to see Bazerians fun post. Or you do want to see all these hot girls. But you do like your nephew's post who's 14 years old.
- [49:52]
Spencer
Exactly.
- [49:53]
Dan Fleischman
It's not actually the algorithm that you want.
- [49:54]
Spencer
True.
- [49:55]
Dan Fleischman
You don't want to see a bunch of other 14 year old guys because you're just doing it for your nephew, obviously. And so the algorithm is interesting because it thinks that it knows based on your likes and comments, which is not true. It's not true because that is a skewed demographic. That is a skewed algorithm based on what we are liking and commenting on, either because publicly we want people to see that or privately we don't want them to see that.
- [50:15]
Spencer
Right.
- [50:17]
Dan Fleischman
It can. It's not going to get changed. It's not going to get changed because you think about Instagram is making, you know, a billion every three weeks at least. So why would they change it?
- [50:27]
Spencer
Yeah.
- [50:28]
Dan Fleischman
If they're broke, don't fix it. And they definitely ain't broke.
- [50:30]
Spencer
Do you think there's space for another competitor to come in so what people.
- [50:36]
Dan Fleischman
Don'T realize is actually over 260 social media platforms.
- [50:39]
Spencer
Insane. But you only hear five.
- [50:41]
Dan Fleischman
Exactly. You can only name six of them. And so there are platforms that come and go and there are platforms that had that chance, but you cannot beat Meta.
- [50:51]
Spencer
Yeah.
- [50:51]
Dan Fleischman
Any platform that has any actual fighting chance, Zuckerberg will buy them or crush them.
- [50:56]
Spencer
Exactly.
- [50:57]
Dan Fleischman
And if you think about it, over the last 15 years, name them. YouTube was already there.
- [51:03]
Spencer
Yeah.
- [51:04]
Dan Fleischman
Threads is owned by Zuckerberg.
- [51:07]
Spencer
Yeah.
- [51:07]
Dan Fleischman
Instagram is owned by Zuckerberg. So Facebook's owned by Zuckerberg. So three of the six are owned by one guy. One, you know, a public company, but you know, you know, one guy.
- [51:15]
Spencer
Right. Umbrella.
- [51:17]
Dan Fleischman
Twitter was always around way before. And it's not really like it's different.
- [51:22]
Spencer
It's different. Right.
- [51:22]
Dan Fleischman
It's more like a newsfeed. And you know, it's not the same.
- [51:25]
Spencer
I don't think Twitter's going anywhere either.
- [51:26]
Dan Fleischman
Yeah, they'll never go anywhere. Yeah. And that is like a real time news feed. And a lot of times people go there, but they don't even think of it in the same way as a social media platform. And there's not that much photo and video there compared to the other platforms. And so if you really break it down, there's only one platform that made it, which is TikTok.
- [51:43]
Spencer
Yeah.
- [51:44]
Dan Fleischman
And the reason is it was a pre existing platform.
- [51:48]
Spencer
Musical Ly.
- [51:48]
Dan Fleischman
Right. Musical Ly was already crushing musically. Zuckerberg couldn't fight with Musical Ly because it was such a niche thing.
- [51:55]
Spencer
Right.
- [51:55]
Dan Fleischman
It's little girls dancing and singing.
- [51:57]
Spencer
Yeah. What are you gonna do?
- [51:58]
Dan Fleischman
Right.
- [51:58]
Spencer
And they probably had something with the music licensing down that, you know, at the time Instagram didn't have.
- [52:05]
Dan Fleischman
So then you have vine going away at the same exact time, musically is taking off in a multi gazillion dollar company from Asia that doesn't care about Zuckerberg, comes in and acquires it.
- [52:15]
Spencer
Right.
- [52:16]
Dan Fleischman
And they make it called Tiki Tok. And all of a sudden Tiki Tok is.
- [52:20]
Spencer
I remember when TikTok first came out, they paid me to promote it.
- [52:25]
Dan Fleischman
Right.
- [52:25]
Spencer
I had a TikTok deal.
- [52:26]
Dan Fleischman
Right.
- [52:27]
Spencer
They're like, here's thousands of dollars post across and this is your TikTok brand deal.
- [52:31]
Dan Fleischman
Yeah.
- [52:31]
Spencer
There's no way TikTok would pay me to promote TikTok now. Right. No, but that's what they did. They really invested in that.
- [52:37]
Dan Fleischman
They had a real budget.
- [52:38]
Spencer
Yeah. They crushed it.
- [52:39]
Dan Fleischman
Their initial budget just in LA. They came, I met with them. Was $25 million just to be, just to like spread the word. Yeah, let's get. And they weren't, they didn't really care.
- [52:49]
Spencer
About like when you sprinkle in 25 million.
- [52:51]
Dan Fleischman
Yeah. It's a good right level. And I don't know what they ultimately spent all over the place, but I remember the $25 million budget because I still have the emails like, like those meetings were interesting.
- [53:00]
Spencer
Yeah.
- [53:01]
Dan Fleischman
And I got to spend some of the money to pay influencers to just post about TikTok.
- [53:04]
Spencer
Just post TikTok.
- [53:06]
Dan Fleischman
But here's the other thing. It had a magical storm, right. The perfect storm is zillion dollar company buys them. It already has a user base, but most importantly, their algorithm was to promote you. A lot of influencers or a lot of people or a lot of 20 year olds would randomly just get 2 million views.
- [53:26]
Spencer
Insane.
- [53:27]
Dan Fleischman
I remember a video where this girl, I filmed it on my phone, she put out her hand, put it down, put out her hand again and it touched the wall. That video got 1.8 million views.
- [53:38]
Spencer
I remember back in the day when this was happening, I just like, I went up to a typewriter and then just captioned it, you know, texting back in the 1700s, whatever. I was just typing and then it just had like 5 million views. It was terrible. But I knew it was going to go viral before I did because that's what it was back in the day. I remember I had a meeting with a couple of my friends, you know, some of the OGs, like Wampa, who's got, I don't know, 50, 60 million followers now and a couple of other friends and they're like, they got together like, okay boys, realistically it's the wild, wild west of TikTok. Right now we've got about six months to grow on TikTok before it's flooded with everyone because everyone's really going viral. So go hard for the next at least six months and you're going to see it. And then I think within that time I maybe gained 2 million followers on TikTok because it was just every day a grind. Post this, post this, do this, do this music thing. And then. And that was that was that.
- [54:31]
Dan Fleischman
So I mean I can talk about social media for days and days. It's fascinating to watch influencers now just expect, you know, they've got 80,000 followers and they just are charging these crazy rates, right. They don't realize how their algorithm works, how many views they're actually getting, how many clicks they're Actually getting who's listening, who's watching, who their demographics are. They're just picking a number because they read about it in a news article like, oh, if you have 80,000 followers, you should charge this many thousand dollars.
- [55:04]
Spencer
Right, Right.
- [55:05]
Dan Fleischman
None of that's realistic for a brand. And too often influencers are not realizing that you need to nurture your following to make them feel comfortable and trust in you to buy from you.
- [55:18]
Spencer
Yeah, it's true.
- [55:19]
Dan Fleischman
There's. They might love you because you make really good makeup content, but then all of a sudden you post about a supplement company. Like, I don't know.
- [55:26]
Spencer
Exactly. So true.
- [55:28]
Dan Fleischman
Unless you tell them, hey, you're going on a fitness journey or health journey, like, hey, I've been losing £12 and I took the supplement, then they'll believe in you.
- [55:35]
Spencer
Right.
- [55:35]
Dan Fleischman
But if you're just like 118 pounds pretty girl, and you're like, hey, I take the supplement, but do you?
- [55:41]
Spencer
Yeah. Really? I don't think you do because you got that Ozempic face. I don't know if that's the same supplement you're talking about.
- [55:46]
Dan Fleischman
And so, like the authenticity and the nurturing, the things that people are missing on the influencer game because so many people want to be an influencer.
- [55:54]
Spencer
Yeah.
- [55:54]
Dan Fleischman
It's not just about the vanity metrics.
- [55:56]
Spencer
It's not the vanity metrics.
- [55:58]
Dan Fleischman
Your social media following is not the same as compared to your conversion rate.
- [56:01]
Spencer
And also, don't get so beat up when you compare yourself to other people with 10, 10 million followers, 15, 20, 60 million, whatever it is they've been.
- [56:09]
Dan Fleischman
Doing for 11 years.
- [56:10]
Spencer
They've been doing it for 11 years. You can't compare your chapter one or two to someone else's chapter 45. Everyone's on their own race, their own path, their own journey. But also, don't get so beat up about a number because it's mattering less and less. Like you're saying with the algorithm, just.
- [56:26]
Dan Fleischman
I get asked for micro influencers more than anything.
- [56:28]
Spencer
Yeah, exactly. Because they're probably a little bit more niche and also more believable as well. Because most people know if you've got millions and millions of followers, you're probably getting paid money. You really promote a lot, as you should. But, you know, I would just say if you want to be an influencer, just start, do it. And don't think so much about the money. Think about the consistency, like you said.
- [56:48]
Dan Fleischman
So let's talk about the charity side. You know, you've been a big supporter with us with Trina's kids foundation for the toy drives, Thanksgiving food drives, back to school drives. You've been one of the few to show up over and over and over and over. Why is charity important to you and why should other influencers consider being involved in charity?
- [57:03]
Spencer
Yeah, I think, you know, I try and show up or share the kind of things that you guys are doing. It's actually one of my missions to spend more time on charity. I think that, you know, something that impacted my life still to this day is I donated just some time at elderly home and I'm just going around talking to old people that can barely walk and just about their heyday in their time. I could see their eyes light up. Not even giving money to people, you're just giving them time. And so if you don't have money to give, you're not in a surplus right now, but you feel like you want to give back something. Just give your time to some of these people, I really recommend it. That's something that really changed my life and I'm looking to do more on the charity space. I think it's important to give back because one, in a selfish way, maybe also it makes you feel good. You know, it's nice to give, it's nice to make other people feel good and especially when, you know, people are maybe less fortunate than you. But that's one of my goals actually, to donate more all around to charity.
- [58:07]
Dan Fleischman
So where can people find you on social media? Where can they check out sweatsonic walk us through all those things?
- [58:11]
Spencer
Yeah, absolutely. Well, all my social media is Pence and all the company social media is etsonic. Pretty simple. And if you want to check out sweatsonic.com I really implore you to give it a shot, especially if you've been struggling with motivating yourself when it comes to your fitness journey. Our goal with sweatsonic is to really help people stay consistent. That's what the whole entire platform is designed around. We crafted the experience to help people stay consistent with their fitness journey and motivate each other more, more than ever. So that's what it does for me. It saves me every single day in the gym.
- [58:48]
Dan Fleischman
So as you guys know, the Money Mondays is created for you to have these discussions with your friends, family and followers about money. We grew up thinking it's rude to talk about money. I think that's nonsense. We have to have discussion about it. You've got to talk about loans, finances, taxes, debt situations, credit cards, salary. These are all real life things that are part of your daily life. And are very important to how you move, how you maneuver, and it really compounds over time if you're making bad decisions about debt, credit cards, loans, et cetera, by not asking questions, by not listening, not learning, not researching on Google, ChatGPT, etc. So have discussions with your friends, family and followers. Check us out on themoneymondays.com and we'll see you guys next Monday.